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ALCOHOL TAX REDUCTION
Differences emerge in Kerala govt over PM SHRI schemeKerala's ruling UDF faces internal friction as the Indian Union Muslim League (IUML) voices strong objections to the state's proposed PM SH...- Liquor stocks have macro tailwinds, but will FTAs become a problem? 6 liquor stocks with an upside potential of up to 26%Supply chain disruptions caused by the US-Israel-Iran conflict have a second-order impact on several industries. The liquor sector is no ex...
- Alcobev margins to drop 150–200 bps as glass bottle shortage drives up costs: CrisilIndia's alcoholic beverage industry is grappling with profit pressures this financial year. The skyrocketing costs of glass bottles, attrib...
- India-UK FTA: Duty concessions on Scotch whisky not to significantly affect Indian marketIndia's Scotch whisky import duties are set to decrease gradually over ten years under the India-UK FTA. A government official stated that ...
- Budget 2024 impact: Will liquor prices fall as Extra Neutral Alcohol to be out of GST's purview?Budget 2024: Section 9 is being amended to take Extra Neutral Alcohol used in manufacture of alcoholic liquor for human consumption out of ...
- GST Council Meeting: Tax rates slashed on millet products, molasses and other key decisionsThe Goods and Services Tax (GST) Council in India has decided to reduce the GST on millet flour in powder form from 18% to 5%. The move aim...
- GST Council to mull exempting distilled alcohol used to make liquor from taxHigh distilled or extra neutral alcohol contains 95% alcohol by volume and is used for producing liquor and for industrial purposes.
- North to South: On the trail for the cheapest spirits in IndiaGoa's affordable liquor prices, due to its unique tax structure, have made it a popular destination for budget-conscious travelers. While G...
- Exempt fizzy, juice-based drinks from sin tax: CompaniesNew Delhi-based Indian Beverage Association (IBA), an industry group that represents Coca-Cola, PepsiCo, Red Bull and Dabur, has urged the ...
- Rs 3.9 lakh crore alcohol beverage market to grow at 6.8 pc: ICRIERThe market is expected to grow at a CAGR of 6.8 per cent till 2023, it said. The industry contributes to around 15 lakh jobs. ICRIER said o...
- Liquor body CIABC urges centre to not reduce customs duty on importsThe body, that represents leading liquor firms, has submitted a representation which states that any reduction in BCD must be gradual to pr...
- Any import duty cut on alcoholic beverages must be gradual: Industry bodyStressing that the Indian alcoholic industry was not against reduction in BCD, CIABC Director General Vinod Giri said that the industry is ...
- HC rejects plea seeking to classify masks, sanitisers as essential commoditiesThe court on Tuesday said face masks and alcohol-based sanitisers are now easily available, and hence there is no need to regulate their su...
- Liquor makers seek govt's support to increase exportsIn a letter to Commerce Minister, Confederation of Indian Alcoholic Beverage Companies Director General Vinod Giri said in 2018-19, exports...
- Eating out cheaper post-GST? Why it depends on your menuThe fact that alcohol still attracts VAT while food come sunder GST is one reason why restaurants are reluctant to directly decrease prices.
- Eateries should cut rates of food items post GST: Hasmukh AdhiaGST will be levied on entire sum of food bill, including service charge, in a restaurant, while the value of alcohol or alcohol products co...
- Breweries want beer to be delinked from hard liquors for taxesIndian beer makers have demanded that all the state governments should delink the beverage from hard alcoholic liquors as far as levying ta...
- Budget 2014: Government reduces duty on various chemicals up to 7.5 per centSetting a twin objective of increasing new investment and capacity addition, government today reduced the duty on various chemicals.
- Government plans to introduce ‘sin tax’ to curb use of alcohol, tobaccoIndia has mooted the introduction of a designated "sin tax" to finance a part of the health budget during the 12th five year plan (2012-201...
- Greek deal foresees 30 bn euro in cuts: FinminGreece has agreed a package of austerity measures with the EU and IMF under which it will cut the deficit by 30 billion euros over three ye...
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